[Dantilla]

Number one- The finished product cannot look like a cheesy redo of a split-entry into a faux colonial. It must look like a true colonial.

If you have a street of split entries, one colonial in the middle, even if done properly, would look out of place.

You never want the most expensive house on the block. That will be the last one to sell.

So- The best candidate would be to find a lonely split entry in a neighborhood of colonials that has been sitting because it is the ugly duckling of the area. If the purchase price is significantly below the rest of the neighborhood, and other than the entry has an attractive floor plan, you may be able to pull this off.

Also- It may be possible that you come up with an attractive, affordable way to convert these. You may end up finding a great niche where as you learn, the profits climb with every new house you flip.